FXHighway
Short

USDJPY starts the correction

FX:USDJPY   U.S. Dollar/Japanese Yen
237 1 6
Targets: 115.45
Risk: 119.90


Technical Reasons:

The ascending channel’s support line was broken, to begin intraday bearish correction.

The exponential moving average 50 negative pressure supports more correctional decline, and stochastic positivity might push the price for temporary recovery attempts.

Breaking 117.25 is considered as a confirmation key to extend the expected retracement.


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